If you’re planning to finance your next vehicle, understanding auto loans is essential. Whether you’re buying your first car or upgrading to something new, knowing how the loan process works can help you secure better terms and avoid unnecessary stress. Let’s break down the basics of auto loans and how Valley Automall can help make financing simple and straightforward. What Is an Auto Loan? An auto loan is a type of installment loan that allows you to borrow money to purchase a vehicle. You’ll agree to repay the loan—plus interest—over a set period of time, typically ranging from 36 to 72 months. When understanding auto loans, keep these terms in mind: What Affects Your Auto Loan Rate? Several factors impact